Excerpt:
"Historically, student enrollment at universities has increased significantly during a recession as young workers who had opted out of school decide to enroll when jobs become scarce. But that dynamic could change this year, Hendricks says. State-funded universities nationwide face severe budget problems, which could lead the schools to drop freshman enrollment to quickly reduce expenses.

Furthermore, financial aid is declining at many schools during the recession. Students could stay at home and enroll in community colleges to save money for their families or defer college and seek employment to earn tuition money. The final outcome for student enrollment–and the resulting effect on student housing pricing–remains uncertain."

Easy credit for families allowed colleges to add expensive services, and jack tuition, without losing too many students. Now that credit is tighter that means families are thinking twice about footing a high tuition bill.

Article in the Triad Business Journal on the glut of student housing in the Greensboro market. Seth Coker and Bryan Nelson, current TAA board members, were interviewed for the article.